The Nature of the Electronic Contract

Trade is one of the most responsive sectors to technological advancement and the most extensive in the use of modern and sophisticated technologies. These technologies constitute a central axis of commer-cial transformation, resulting in a profound change in the behavior of traders and in the rules of com-mercial transactions. A new type of trade has emerged, known as electronic commerce, which has been facilitated by the social network and provided with its own means that are compatible with its nature. This network has become an extraordinary national and international virtual market, due to the effective and beneficial nature of electronic commerce, which shortens time and saves costs. Among the tools of electronic commerce are contracts concluded remotely via electronic media, known as electronic con-tracts, with the parties being the consumer and the electronic intermediary.